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GoldCore Precious Metals Update
Fri, Jun 26 2009, 15:18 GMT
by GoldCore Bullion Services Team
Gold
Gold regained a lot of ground yesterday, breaking through $940. News
from the Federal Reserve, that they are to keep interest rates at
record lows put the dollar under pressure and it gave up some of its
recent gains. If the dollar remains under pressure, which is almost
certain given the Federal Reserve’s continuing cheap money policies
then the outlook for gold remains bullish. Many investors
internationally will look to move some of their wealth into the safe
haven asset to hedge against inflation. Gold is currently trading at
$943/€672/£573.
Silver
Silver also rebounded with a healthy kick yesterday and moved through $14 and is currently trading at $14.18/€10.10/£8.63
Platinum Group Metals
After losing more than $40 of its value in the early part of this week,
platinum moved back above the $1200 level overnight. Palladium is
testing resistance at $250 and a move to the upside might be seen in
the coming weeks. Rhodium is currently trading a bid/offer of
$1325/$1450.
Published on Fri, Jun 26 2009, 15:22 GMT
Archive
- GoldCore Update: US Interest Rates to Remain Exremely Low for an Extended Period of Time
Published On Thu, Nov 5 2009, 14:02 GMT - Silver Set To Soar As It Did In The 1970s
Published On Wed, Nov 4 2009, 13:16 GMT - GoldCore Update: Gold's New Record Price Over $1,093/oz - $1,200/oz By Year End?
Published On Wed, Nov 4 2009, 13:10 GMT - GoldCore Update: ECB Sees Gold as Important Asset and India Buys 403 Tonnes of IMF Gold
Published On Tue, Nov 3 2009, 13:48 GMT - GoldCore Update: G20 Finance Ministers Meeting and LBMA Precious Metals Conference in Scotland
Published On Mon, Nov 2 2009, 15:10 GMT
Gold and Silver Investments Limited
| 63 Fitzwilliam Square, Dublin 2, Ireland
http://www.goldcore.com | info@goldcore.com
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